The success of companies like Kelku has created a diaspora of talent in Europe, leading to a generation of investors and entrepreneurs who can contribute to the ecosystem.

The entrepreneurial spirit in Europe, particularly in London and Berlin, is vibrant and on the cusp of something great, even though Silicon Valley remains the top destination for entrepreneurs.

Companies in Europe, such as Deeper 11 and Nabla, are rapidly scaling, demonstrating a significant shift in the startup ecosystem.

Europe lacks not only the concentration of investment but also the knowledge and experience that Silicon Valley investors have, which is crucial for startup success. Before coming to the United States, I never thought it was possible to receive an investment larger than what my family could provide, and billion-dollar exits felt like something out of a movie.

Starting a company in Europe presents challenges, such as a fragmented market and a lack of nurturing environments for early-stage startups compared to Silicon Valley.

Some of the best founders, like Patrick and John Collison of Stripe, have focused solely on startups since they were young, making them exceptionally skilled at building successful companies. Starting a startup when you're young allows you to harness your highest energy and optimism, which is crucial for building a world-changing company.

The quality of the founders and early employees at a startup is a critical determinant of its success.

I think the European startup ecosystem suffers from a lack of ambition and a fear of success among founders.

It's becoming more common for founders to come from outside their industry and succeed, which has been rare in the past decade.